7 Low-Cost Index Funds and 7 Low-Cost Index ETFs

Low-cost index funds make high expense ratios a thing of the past.
Alana Benson
By Alana Benson 
Updated
Edited by Pamela de la Fuente

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Looking to invest in a diversified fund without a steep price tag? Look no further than low-cost index funds. These funds offer a basket of securities for a very minimal fee.

Top-rated low-cost index funds

The lowest-cost index fund may not be the best performing index fund. Be sure to weigh other factors such as market capitalization and sector focus when evaluating index funds. It’s also important to remember that past performance does not indicate future performance.

Ticker

Fund name

Expense ratio

FXAIX

Fidelity 500 Index

0.015%

FSKAX

Fidelity Total Market Index

0.015%

SWPPX

Schwab S&P 500 Index

0.02%

WFSPX

iShares S&P 500 Index

0.03%

SWTSX

Schwab Total Stock Market Index

0.03%

VFIAX

Vanguard 500 Index

0.04%

VIGAX

Vanguard Growth Index Fund Admiral Shares

0.05%

Source: VettaFi. Data current as of market close on February 1, 2024. This data is for informational purposes only.

Top-rated low-cost index ETFs

Some of the cheapest index funds out there are actually exchange-traded funds, or ETFs. ETFs often track indexes just like index funds do, but they tend to have lower investment minimums (the amount of money you have to have in order to start investing in a fund). They also tend to have slightly lower expense ratios.

Learn more about index funds vs. ETFs

Ticker

Fund name

Expense ratio

BKLC

BNY Mellon US Large Cap Core Equity ETF

0.00%

SFY

SoFi Select 500 ETF

0.00%

SPLG

SPDR Portfolio S&P 500 ETF

0.02%

BBUS

JP Morgan Betabuilders U.S. Equity ETF

0.02%

IVV

iShares Core S&P 500 ETF

0.03%

VTI

Vanguard Total Stock Market ETF

0.03%

VOO

Vanguard S&P 500 ETF

0.03%

Source: VettaFi. Data current as of market close on February 1, 2024. This data is for informational purposes only.

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